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president obama heads to the site of the boston bombings. in today's cover story, a check-up on abbott labs. is the spin-off bringing re-newed health to the drug company? plus, why cupcakes are falling out of "flavor" with consumers. and investors slice off large chunks of apple, leaving the stock trading barely above $400. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's thursday, april 18th. i'm angela miles. in today's first look: stocks run into tumble trouble. unable to attract a steady stream of investors following dissapointing earnings from bank of america and concerns about apple, the major indicies all fell wednesday, with the dow cooling off 138 points. gold pushed back $14 and oil dropped $1.99 on concerns about soft demand. ebay and american express fell in the after-hours session on mixed earnings results. among the highlights, ebay's forecast was lighter than expected and american express revenue fell short. and according to the beige book, the fed sees moderate growth in th
insider with the obama administration as the head of the office of information & regulatory affairs. let me ask you, how do we fix this big, bad, complex thing we call government? - one thing we can do, and we've started to do, and we should do a lot more of, is make it simpler. if you look at the best consumer products now, they are often ipads and tablets, and even a child can use them. they have a lot of complicated ingredients, the people who produce them did a lot of complex work, but to interact with them is simpler. - you were talking about, we could actually save something like 9 billion hours of time wasted on government paperwork? - the obama administration started to get rid of millions, in fact, tens of millions, in fact, probably we're over a hundred million now. but we can do a lot more to take away those hours, and that can free up people to do their real work and spend time with their families. - is this, in fact happening? because the subtitle of your book, you say it is the future of government. is this ultimately what is going to happen? - i think there are two things:
to the deadly blast at the boston marathon finish line. president obama refered to the tragedy as a 'senseless loss' and responded by calling for stepped up security. "i directed the full resources of the federal government and state and local authories to protect our people, increase security around the u.s as necessary and investigate what happened." among yesterday's major market movers, a panic sell-off that started early in the session intensified on the boston blast. the dow fell 266 points, the nasdaq 79, and the s&p 37. but it was the steady, steep declines in commodities that caused concern. gold lost $153 as oil slipped $3.56. who would have thought we would ever be talking about the boston marathon in the market? joining me now is mark sebastian of option pit mentoring. good morning to you. unbelievably, the market did move on that explosion yesterday, mark. - yes it did. it was kind of an ugly day all around. we were already going to be down on what was going on with gold and with bad news out of china, and then this boston marathon news comes out, and anybody who would have presse
the largest industrial disaster this decade. president obama quickly pledged federal emergency funds to the area. rescuers spent hours searching through rubble for survivors. the disaster started with a small fire at west fertilzer plant. according to reports, the company was fined $2,300 by the epa for a saftey violation, but settled in 2006. the german parlaiment is backing a $13-billion bailout for struggling cyprus. it's nearly twice the amount estimated a month ago. german taxpayers worry even more money may be needed. the cyprus parliament votes on the bailout package next week. the german prime minister calls the rescue essential, and says without it there's a "significant risk" of contagion to greece and other eurozone countries. closer to home, researchers say the cell phone industry is poised for consolidation. in today's cover story, the watch is on for buy signals from consumers as apple and samsung jockey for position. and, t- mobile offers new products and plans. "we had a fantastic weekend. our customers and employees have been waiting for the iphone for a long time."
to sell its u.s. corona beer business to constellation brands. the obama administration originally blocked the deal, saying anheuser would have had too much control over the american beer market. seaworld stock caught a wave in its first public day of trading. shares opened at $27 and closed just above $33. also friday, blackhawk networks stock opened at $23 and closed around $26. today, truett-hurst wineries is going public in the first winery ipo since 1999. and next week, ing plans to spin off its u.s. insurance unit for $1.5 billion in the second-biggest ipo in a year. mcdonald's first quarter earnings were a mixed bag: profits were up, but same-store sales slowed in the first quarterly decline in a decade. mcdonald's blames the economy and increased competition for the slump. it hopes dollar menu items will bring customers back in the spring. kimberly clark's first quarter profits were up 13% on strong sales in brands kleenex and cottonelle. also, emerging markets are bringing demand for diapers and household goods. still to come, why so many americans are scared of the stock market.
Search Results 0 to 4 of about 5

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